Can I retire at age 44 with 840,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,366$68,749$68,146$67,557$66,983$65,231
2 years$34,340$33,700$33,080$32,479$31,897$30,144
3 years$22,666$22,023$21,405$20,810$20,236$18,537
4 years$16,830$16,190$15,578$14,992$14,433$12,800
5 years$13,329$12,693$12,089$11,516$10,972$9,411
6 years$10,996$10,365$9,770$9,209$8,681$7,193
7 years$9,331$8,704$8,119$7,571$7,060$5,645
8 years$8,082$7,461$6,885$6,351$5,857$4,514
9 years$7,111$6,496$5,930$5,410$4,933$3,660
10 years$6,335$5,726$5,170$4,663$4,203$3,000
11 years$5,700$5,098$4,552$4,059$3,615$2,479
12 years$5,172$4,575$4,039$3,560$3,132$2,063
13 years$4,725$4,135$3,609$3,143$2,731$1,725
14 years$4,342$3,758$3,243$2,790$2,394$1,449
15 years$4,011$3,433$2,928$2,488$2,108$1,222
16 years$3,722$3,150$2,654$2,228$1,863$1,033
17 years$3,466$2,901$2,415$2,002$1,652$876
18 years$3,240$2,681$2,205$1,804$1,469$744
19 years$3,037$2,484$2,019$1,630$1,309$633
20 years$2,855$2,309$1,853$1,476$1,169$539
21 years$2,690$2,150$1,704$1,340$1,047$460
22 years$2,541$2,007$1,570$1,218$938$393
23 years$2,405$1,877$1,450$1,109$842$336
24 years$2,280$1,759$1,341$1,012$757$287
25 years$2,166$1,651$1,242$924$681$246
26 years$2,060$1,551$1,152$845$613$210
27 years$1,963$1,460$1,070$773$553$180
28 years$1,872$1,376$994$709$499$154
29 years$1,788$1,298$925$650$451$132
30 years$1,710$1,226$862$596$407$114
31 years$1,637$1,159$804$548$368$97
32 years$1,568$1,096$750$503$333$84
33 years$1,504$1,038$700$463$301$72
34 years$1,444$984$654$426$273$62
35 years$1,387$933$612$392$247$53
36 years$1,334$886$572$361$224$45
37 years$1,284$841$535$333$203$39
38 years$1,236$800$501$307$184$33
39 years$1,191$760$470$283$167$29
40 years$1,148$723$440$261$151$25
41 years$1,108$689$413$241$137$21
42 years$1,069$656$387$222$125$18
43 years$1,033$625$363$205$113$16
44 years$998$596$341$189$103$13
45 years$965$568$320$175$93$12
46 years$933$542$301$161$85$10
47 years$903$517$283$149$77$9
48 years$874$494$266$138$70$7
49 years$847$471$250$127$63$6
50 years$820$450$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $840,000, adding $4,938 every year, while hoping to spend $31,203 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/19/21 Blend
43$840,000$840,000$840,000$840,000
44$930,774$886,254$873,234$981,194
45$992,513$896,480$869,287$1,026,167
46$1,059,503$906,162$864,163$1,071,360
47$1,132,249$915,240$857,788$1,119,968
48$1,211,301$923,650$850,087$1,172,329
49$1,297,269$931,324$840,980$1,228,813
50$1,390,822$938,190$830,384$1,289,831
51$1,492,695$944,171$818,212$1,355,835
52$1,603,701$949,186$804,373$1,427,325
53$1,724,729$953,147$788,770$1,504,853
54$1,856,763$955,962$771,305$1,589,028
55$2,000,881$957,533$751,872$1,680,521
56$2,158,273$957,754$730,362$1,780,075
57$2,330,248$956,515$706,660$1,888,508
58$2,518,247$953,698$680,647$2,006,724
59$2,723,857$949,178$652,197$2,135,719
60$2,948,825$942,823$621,180$2,276,594
61$3,195,074$934,490$587,459$2,430,564
62$3,464,723$924,031$550,890$2,598,968
63$3,760,104$911,288$511,325$2,783,284
64$4,083,787$896,093$468,606$2,985,145
65$4,438,599$878,269$422,571$3,206,350
66$4,827,659$857,626$373,049$3,448,884
67$5,254,396$833,966$319,863$3,714,939
68$5,722,592$807,078$262,825$4,006,933
69$6,236,409$776,737$201,743$4,327,530
70$6,800,434$742,709$136,413$4,679,673
71$7,419,720$704,743$66,623$5,066,607
72$8,099,829$662,573$0$5,491,910
73$8,846,894$615,922$0$5,961,290
74$9,667,668$564,492$0$6,493,387
75$10,569,589$507,972$0$7,078,114
76$11,560,855$446,030$0$7,720,823
77$12,650,495$378,318$0$8,427,416
78$13,848,457$304,467$0$9,204,395
79$15,165,700$224,087$0$10,058,930
80$16,614,301$136,766$0$10,998,922
81$18,207,562$42,070$0$12,033,081
82$19,960,141$0$0$13,171,006
83$21,888,190$0$0$14,435,919
84$24,009,501$0$0$15,837,379
85$26,343,680$0$0$17,379,550
86$28,912,329$0$0$19,076,716
87$31,739,251$0$0$20,944,613
88$34,850,672$0$0$23,000,581
89$38,275,489$0$0$25,263,726
90$42,045,544$0$0$27,755,099
91$46,195,922$0$0$30,497,898
92$50,765,283$0$0$33,517,685
93$55,796,226$0$0$36,842,622
94$61,335,692$0$0$40,503,747
95$67,435,403$0$0$44,535,256
96$74,152,354$0$0$48,974,834
97$81,549,348$0$0$53,864,003
98$89,695,589$0$0$59,248,520
99$98,667,335$0$0$65,178,805
100$108,548,617$0$0$71,710,418